The Effects of the Goods and Services Tax on Retailers in City

  • Unique Paper ID: 174210
  • Volume: 7
  • Issue: 9
  • PageNo: 379-383
  • Abstract:
  • The adoption of the Goods and Services Tax (GST) in several nations has brought about considerable transformations in numerous sectors, notably in the retail business. This abstract offers a complete analysis of the effect of GST on retailers. The research evaluates the impact of GST on merchants and how well they have grasped it. It explores how GST has changed merchants' compliance burden, cash flow management, and profitability. Furthermore, the abstract addresses the obstacles experienced by retailers during the transition to the GST system, including administrative complications, technological uptake, and adaptation to new tax arrangements. Drawing upon empirical data and theoretical frameworks, the analysis gives insights into the methods employed by retailers to negotiate the hurdles of GST implementation and harness its potential advantages. It also reveals the substantial association between the educational status and awareness level of GST and sources of information about GST. Overall, the study contributes to a better knowledge of the transformational impacts of GST on the retail sector and offers valuable insights for future research and policy development.

Cite This Article

  • ISSN: 2349-6002
  • Volume: 7
  • Issue: 9
  • PageNo: 379-383

The Effects of the Goods and Services Tax on Retailers in City

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